«Ms» mce-anchor«Wilkinson» : Again, these are breakdowns of the costings. Whenever we provide a piece of costing advice to a parliamentarian, we're very happy to talk through with them the details underpinning the numbers that we provide to them. Again, yes, you're absolutely right: the impact of the transfer balance cap has been taken into account. If we didn't have a transfer balance cap, there would have been additional revenue raised. Because the transfer balance cap applies only to individuals who have balances above $1.6 million, and it applies only to their balance above $1.6 million, there is actually a relatively small proportion of assets across the superannuation system that fit into that category. But you're right: that would have increased the revenue that we would have otherwise received.
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Proposal to abolish refundability of Franking Credits, page-236
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